Suhani Adilabadkar Infosys Infosys currently at Rs 1,700 levels has gained 30% from its 52-week low. Revenue of Rs 40,986 crore for the September quarter 2024 grew 3.1% QoQ and 3.3% YoY in constant currency terms. The company has increased its revenue growth guidance for the full year from 3% to 4% growth in constant […]
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Suhani Adilabadkar Tata Consultancy Services (TCS) reported stable results for September Quarter 2024. The IT major remains resilient amid weak demand, slower decision making and lower discretionary spend by clients. While revenues at Rs 64,259 crore grew by 7.6% YoY, margins slumped 60 basis points (bps) sequentially and 20 bps YoY. Operating margins at 24.1% […]
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Indiastockguru Team This is the fifth in a row for Bata India. Muted performance yet again by the market leader in the organized footwear space in Q1FY25. While the premium category is doing well for Bata India, its core value and mass footwear category still bears the brunt of muted demand leading to lower revenue […]
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Suhani Adilabadkar With retail inflation coming above 5% in June 2024, it’s easier for RBI to say no. In the last monetary policy committee (MPC) meeting, the Reserve Bank of India with a majority of 4:2 voted in favour of maintaining the status quo. Repo rate was unchanged at 6.5% in May 2024. The […]
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Indiastockguru Team June witnessed muted customer sentiment for the two-wheeler sector in India. Except Hero MotoCorp, largest two-wheeler manufacturer by volume in the world, all other major players reported lower YoY volume growth in June 2024. Hero is making strong strides in the 125 cc motorcycle segment with the launch of its Xtreme 125R bike […]
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The US Federal Reserve kept its benchmark interest rates steady at 5.25- 5.50% in its June 12, 2024 meeting. Earlier last week, the US May jobs report came unexpectedly strong adding 2,72,000 jobs. Gross Domestic Product (GDP) growth rate for the US economy at 1.3% in Q12024, slowed down from 3.4% in Q42023 due to […]
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Maruti Suzuki wholesale volumes are up 10% in March 2024. Total wholesales volumes stood at 187,196 units with passenger cars constituting 44% of total volumes. Mini (11,829 units) & compact cars (69,844 units) and light commercial vehicles (3,612 units) reported lackluster growth in March 2024. Mid-size car wholesales volume at 590 units grew 97% YoY. […]
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Ola Electric market share stands at 2.35% in the Indian two-wheeler sector as per Federation of Automobile Dealers Association (FADA) February 2024 data. In the electric two-wheeler segment, Ola Electric’s market share stands at nearly 40%. The market leader with a strong portfolio of electric scooters, Ola S1 Pro, Ola S1 Air and Ola S1 […]
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Nifty Auto has gained 66% over the past one year. According to FADA retail vehicles data, the overall auto retail market reported double-digit growth over the past four months, since November 2023. February 2024 retail market grew 13% YoY with three wheelers leading the auto pack. The three-wheeler market saw a significant increase of 24% […]
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